HERNDON, Va.--(EON: Enhanced Online News)--Greensmith, one of the largest providers of energy storage software and
integration services, announced today it has entered into a cooperation
agreement with Wärtsilä. This enables Wärtsilä to deliver energy storage
systems integrated with solar PV, and Wärtsilä Smart Power Generation
power plants, jointly forming a hybrid energy solution. Greensmith will
provide its GEMS software platform to provide the full control for the
entire system. Wärtsilä, a global leader in multi-fuel power plants will
leverage its significant installed base and provide global EPC
(engineering, procurement and construction) and O&M (operation and
maintenance) services to customers worldwide. As a combined market
solution, Wärtsilä and Greensmith will provide sustainable, reliable,
and affordable power — particularly in countries and regions with
limited or small electrical grids.

“2016 is proving to be pivotal
for Greensmith as demonstrated by our partnership with Wärtsilä in
addition to deploying over 100 megawatts of energy storage by the end of
the year.”

The GEMS platform is the most widely-deployed energy storage software
solution—enabling the most-advanced and proven energy storage systems in
the world. With its robust yet flexible feature functionality, GEMS
continues to set the standard for grid-scale, behind-the-meter, and
micro grid storage control architecture.

"We selected Greensmith Energy as a technology partner due to their deep
industry knowledge and expertise in delivering safe and reliable
grid-scale energy storage and system integration solutions,” said Javier
Cavada, President, Wärtsilä Energy Solutions. “We are excited to combine
over 18 decades of industry experience with Greensmith technology to
further broaden our offering capability by delivery of intelligent
energy storage solutions together with our Smart Power Generation and
Solar PV solutions.”

This partnership will allow Wärtsilä to extend its offering with
Greensmith’s purpose-built control and optimization platform, combined
with a unified set of technologies and designed from the ground up to
set the standard for the intelligent energy storage and system
integration solutions.

“We are honored to partner with a world-class organization like Wärtsilä
as we continue to fulfill our vision to deploy the world’s most advanced
energy storage solutions to every corner of the world,” said John Jung,
President and CEO of Greensmith Energy. “2016 is proving to be pivotal
for Greensmith as demonstrated by our partnership with Wärtsilä in
addition to deploying over 100 megawatts of energy storage by the end of
the year.”

About Greensmith Energy:

As one of the largest providers of energy storage software and
integration services, Greensmith's mission is to make energy storage a
fundamental part of a cleaner, more intelligent and distributed energy
infrastructure. Now in its fifth generation, Greensmith's GEMS software
platform optimizes the performance of energy storage by lowering costs
and maximizing system return on investment throughout life. In 2014,
Greensmith delivered over one-third of all energy storage capacity
installed in the United States and in 2015, was selected as the fastest
growing energy storage company by Inc 5000. GEMS is currently used by
more than 20 major customers globally. Learn more at www.greensmithenergy.com.

About Wärtsilä Energy Solutions:

Wärtsilä Energy Solutions is a leading global supplier of ultra-flexible
power plants of up to 600 MW operating on various gaseous and liquid
fuels. Our portfolio includes unique solutions for baseload, peaking,
reserve and load-following power generation, as well as for balancing
intermittent renewable energy. Wärtsilä Energy Solutions also provides
utility-scale solar PV power plants, as well as LNG terminals and
distribution systems. As of 2016, Wärtsilä has 60 GW of installed power
plant capacity in 176 countries around the world.

Wärtsilä is a global leader in advanced technologies and complete
lifecycle solutions for the marine and energy markets. By emphasizing
sustainable innovation and total efficiency, Wärtsilä maximizes the
environmental and economic performance of the vessels and power plants
of its customers. In 2015, Wärtsilä’s net sales totaled EUR 5 billion
with approximately 18,800 employees. The company has operations in over
200 locations in more than 70 countries around the world. Wärtsilä is
listed on Nasdaq OMX Helsinki.

HERNDON, Va.--(EON: Enhanced Online News)--The technology group Wärtsilä, today announced that it has closed the acquisition of Greensmith Energy Management Systems, Inc., a market leader in grid-s... more »